0
General

Spain's Masmovil launches EUR 2 bln bid to buy Basque operator Euskaltel

Monday 29 March 2021 | 08:45 CET | News
Update: 29 March 2021 | 10:25 CET
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has announced a bid to take over rival firm Euskaltel for around EUR 2 billion. In a statement to market regulator CNMV, Masmovil said shareholders holding 52.32 percent of Euskaltel's capital have already agreed to the terms of the friendly takeover at a price of EUR 11.17 per share in cash, a premium of 26.8 percent on the weighted average price of the shares over the past 6 months. The offer was conditional on securing at least 75 percent plus one share of the capital as well as competition and

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?


[29/03/2021 10:25- Update: Adds Euskaltel comments.]


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Euskaltel / Masmovil / R / Telecable / Virgin Telco
Countries: Spain
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Virgin Telco offers unlimited data to all new convergent subs until 2022

Published 12 Apr 2021 16:04 CET | Spain
The nationwide Virgin Telco brand of Spain's fifth largest operator Euskaltel has decided to launch a new data-led offer to ...

Masmovil hikes convergent data at no extra cost

Published 08 Apr 2021 16:03 CET | Spain
Spanish operator Masmovil has increased the data bundled with its main convergent tariff at no extra charge to subscribers. The ...

Vodafone starts new marketing campaign to reposition brand

Published 31 Mar 2021 17:29 CET | World
Vodafone has launched a new marketing campaign called 'Together we can'. The campaign is based on the idea of a better future ...

Last week in telecoms: FTTH JVs, Telstra break-up, MasMovil buys Euskaltel

Published 29 Mar 2021 11:05 CET | World
Last week's news included new fibre joint ventures at KPN and Proximus, streaming services Peacock and HBO Max expanding abroad, ...

Euskaltel profit up 28% in 2020, hits 823,000 customers

Published 26 Feb 2021 11:05 CET | Spain
Spanish operator Euskaltel reported record revenues of EUR 697.1 million in 2020, up 1.7 percent year on year, with net profit ...

Masmovil passes 2 million fixed broadband customers

Published 21 Jan 2021 14:54 CET | Spain
Spanish telecommunications group Masmovil, the country's fourth largest network operator, has reached the milestone of 2 million ...

Masmovil buys rural operator Ahi+ for EUR 115 mln - report

Published 16 Dec 2020 10:10 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, has closed the acquisition of ...

Vodafone Spain and Masmovil exploring merger without acquisition - report

Published 24 Nov 2020 15:29 CET | Spain
After denying press reports regarding imminent takeovers, Vodafone and Spain's Masmovil are now exploring the possibility of ...

Masmovil adds over 500,000 clients in Q3, profits up 27% to EUR 152 mln

Published 23 Nov 2020 16:01 CET | Spain
Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported service revenues up 20 ...

KKR, Cinven, Providence launch EUR 3 bln bid to take over Masmovil

Published 01 Jun 2020 09:14 CET | Spain | Update: 01 Jun 2020 10:51 CET
Three buyout funds have launched a joint bid to take over Spanish telecommunications provider Masmovil, the country's fourth ...

Euskaltel begins Spain expansion under 'Virgin Telco' brand

Published 20 May 2020 14:35 CET | Spain
Spanish regional operator Euskaltel, mainly present in the Basque Country and Galicia, has begun its expansion into the rest of ...